APY Range
1% - 5.5%
Total Value Locked
$8.23B
Security Score
9.1/10
Rating
4.6 ★
9,234 reviews
Best For
Generating stablecoin loans against crypto collateral
Key Features
- DAI stablecoin minting
- Collateralized debt positions
- Decentralized governance
- Savings rate (DSR)
- Multi-collateral support
Pros
- Pioneer of DeFi
- Most decentralized stablecoin
- Strong governance model
- Battle-tested protocol
Cons
- Complexity for new users
- Liquidation risk
- Gas fees on Ethereum
Risk Level
low Risk
This platform has a strong security track record and is considered relatively safe in the DeFi space.
Security Audits
Trail of Bits
PeckShield
Quantstamp
Supported Chains
Ethereum
Supported Assets
ETH
WBTC
USDC
DAI
MKR
Established
December 18, 2017
Disclaimer: This information is for educational purposes only and does not constitute financial advice. DeFi platforms involve significant risks including smart contract vulnerabilities, market volatility, and potential loss of funds. Always do your own research (DYOR) and never invest more than you can afford to lose. Past performance does not guarantee future results.